What was the purpose of the Parliament Act of 1911 in Great Britain?

Question

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The Parliament Act of 1911 was passed to reduce the power of the House of Lords over legislation to a suspensory veto. This means that the House of Lords could delay a bill for up to two years, but ultimately the House of Commons had the power to pass it without their approval. The act did not give the House of Lords equal power with the House of Commons or create a bicameral legislature, and it certainly did not abolish bicameralism in Great Britain.

What Was the Purpose of the Parliament Act of 1911